1.) Economic growth will

A. be a movement from inside the productions possibilities curve to the curve itself. B. shift the production possibilities curve inward. C. shift the production possibilities curve outward. D. shift along the production possibilities curve toward the X-axis.

2.) Labor productivity increases when

A. the average output produced per worker during a specified time period increases. B. the average number of hours people work goes up. C. the unemployment rate decreases. D. the average output produced per worker during a specified time period decreases.

3.) The rate of economic growth will be faster if Question content area bottom

A. the rate of growth of the money supply is higher. B. consumption spending is greater. C. the rate of saving is higher. D. the rate of growth of the population is higher.

4.) One of the implications of new growth theory is that economic growth arises from

A. reductions in the birth rate. B. financial safety nets for the poor, such as Medicaid. C. investments in knowledge. D. more government spending, such as military spending.

5.) A government protection for an inventor that provides the inventor with the right to make use of her invention in any way she desires is

A. a copyright. B. a patent. C. an innovation. D. a trademark.

6.)Of the following views on the effects of immigration on the receiving nation's economic growth, which have NOT been suggested by economist Julian Simon?

A. Immigration increases a nation's labor pool and encourages ingenuity. B. Technological progress is driven by population growth. C. Immigrants raise the standard of living of a nation's native population. D. Immigration costs the local population jobs and greatly lowers their incomes.

7.) A system of private property rights

A. retards economic growth by serving the interests of the wealthy only. B. retards economic growth by limiting the options of people who own nothing. C. enhances economic growth by inducing people to make capital investments today. D. enhances economic growth by creating incentives for the government to sell its assets.

8.) Economists have determined that there are four factors that seem to strongly affect a nation's rate of economic development. Which is NOT one of these four factors?

A. Limiting the extent to which the government imposes trade barriers B. Supporting current industries and the jobs they provide instead of adopting new technology that brings disruptive social changes C. Establishing a system of property rights D. Developing an educated population

9.)An economy that is an active participant in international trade is

A. an egalitarian economy. B. a protectionist economy. C. an open economy. D. a closed economy.

ASAP PLEASE ....ASAP WITH EXPLANATION